Did you know that you could save hundreds of dollars and do your own credit repair? Its really simple to do and takes no times. We have all heard the ads on TV and seen them online where you pay outrageous amounts of money for credit repair. It may be hundreds of dollars up front, or some even charge a monthly fee of $100 or more!
Skip those offers, you can do it yourself FOR FREE! You can see an improvement in your score in as little as 30-45 days as well! This is great for those looking to qualify for loans they couldn’t be before or to improve your interest rates and save you tons of money in interest. I did this myself a few years ago, and it really does work!
First check the status of your credit:
- Sign up for Credit Sesame – this is a FREE website that allows you to not only see your credit now, but you will also be able to monitor it for free and see the results of the actions you are taking to improve your credit!
- Sign up for your annual free credit report – everyone is entitled by law to 1 free credit report per year, this is the official site to claim your FREE annual Credit Report where you can make this request and it is completely FREE!
Okay, I have my credit report, now what?
- The first thing you will want to do once you have your credit report is start checking the items on it. Is there incorrect
information? Are there items that aren’t yours on it? Take note of these
- Now you will want to start disputing items. Each of the credit bureaus is a little different on how they want you to send in disputes. Some allow you to do it online, others you may have to mail in a letter. Reminder: When you are filling out disputes, you will need to send a dispute to each of the credit bureaus where the items you are disputing appear. For your convenience here are some links to dispute online: Transition | Equifax | Experian
Here is how this works. By law credit reporting agencies have to verify the legitimacy about any and all items that appear on your credit report. The companies who are reporting the negative items have 30 days to reply verifying that your debt is indeed valid, if they do not reply within those 30 days the items fall off.
This is the EXACT process that credit repair agencies charge you an arm and a leg for! It takes almost no time to clean up your credit on your own. When I did this a few years back, I noticed an improvement very quickly and I was able to start securing credit offers and building up good credit!